1976 canadian olympic silver set

Discussion in 'Coin Chat' started by kaosleeroy108, May 28, 2010.

  1. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

    Hi everybody I have 6 1976 canadian olympic series sets completed minus the gold coins. Still missing the proof 100 dollar coin... but that's for the 1988 one I have.. do y'all guys think its worth me having them graded as I find its rare to find any of the coins certified by any grading company..?
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  3. Tom B

    Tom B TomB Everywhere Else

    From what you have written I would guess that it would be a colossal waste of funds to have the coins graded.
  4. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

    explain why.. i have one proof set.. a nice cameo condition and 5 uncirculated sets..
    agreed by no means are they rare.. but they are a nice set to preserve..
  5. yakpoo

    yakpoo Member

    That would be the Montreal Olympics. My Father collected that series and passed them to me. There were seven (7), four (4) silver coin sets (28 total) and a gold coin. The deal at the time was that you had to buy all seven of the silver sets to be eligible to purchase the gold coin. I have all seven silver sets and the gold coin.

    However, there were over 2 million of these complete sets sold (as I recall) and they're not worth much more than bullion att. It's been a few years since I looked into this so I would encourage you to independently verify what I just said...but that's my recollection.

    Personally, I'm keeping my coins "as is"...as a rememberance of my Father. I might consider having them slabbed if that was the only way I could protect them...but I would consider that "money spend" rather than an investment. I suspect that's why you haven't seen many of them slabbed.
  6. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

    if you think about it..american silver eagles and every coin.. ever minted has some high mintages 2 million?? how many proof how many uncirculated? either way do you think even tho they cant remint them its a waste...???? and why?
  7. yakpoo

    yakpoo Member

    I was looking at them on eBay a few years ago and full sets were selling at bullion prices...or just a bit above.

    I buy all sorts of modern commemoratives with much smaller mintages graded by NGC/PCGS(MS69/PF69). I pay less than you could get them from the Mint when they were new! Those folks are paying to have my coins graded for me. Do you want to grade coins for someone else?

    I'm not saying it's a waste from a preservation perspective...and way down the road it may turn out to be a fine investment. What I'm trying to say is that (imho) if you plan to have them graded in order to flip them at a much higher price...I don't think you'll get your grading fees back. Perhaps you will...but I would be surprised.
  8. halfdfanboy

    halfdfanboy Senior Member

    Right there with yakpoo. I've been doing the same. Picking up MC's in 69 grades for less then the mint costs and way below slabbing costs. Why not?
  9. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

    well im doing it for my nephew whos only 6 going on 29..lol.. and one for my self
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